UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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Item 1.02 – Termination of a Material Definitive Agreement
On June 30, 2025, the Board of Directors of Global Technologies, LTD (the “Company”) approved the unilateral termination of the Share Exchange Agreement dated March 15, 2024 (the “Agreement”), which had been entered into by and among the Company, GOe3, LLC (“GOe3”), and Bruce Brimacombe.
Pursuant to this action, the Company has returned or released all GOe3 membership units, intellectual property, and any related assets previously held by the Company under the Agreement. No shares of the Company’s preferred stock were designated as per the terms of the Agreement, and no shares of common stock or preferred stock were issued, or delivered to Mr. Brimacombe.
This termination concludes any and all obligations between the Company and Mr. Brimacombe under the Agreement. As a result of this termination, the Company will no longer pursue or engage in any business operations, partnerships, or future development efforts in the electric vehicle (EV) sector. The Company remains focused on its core growth initiatives in health, wellness, and advisory services.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GLOBAL TECHNOLOGIES, LTD | |
| (Registrant) | |
| Date July 2, 2025 | |
| /s/ H. Wyatt Flippen | |
| (Signature)* |